ISKANDAR WATERFRONT CITY BERHAD
Malaysia | 1589.KL | Main
Reference
Report Year: 2023
Source Files: IWCITY_-_AR_2023_(Part_1).pdf
Sustainability Committee
Sustainability Working Group 🟢
- Monitors sustainability plans 🟢
- Assesses risks and opportunities 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Iskandar Waterfront City Berhad has initiated carbon emission tracking as part of its sustainability efforts for 2023, which is a positive first step. However, the report lacks detailed data on Scope 1, 2, and 3 emissions, with no absolute figures or reduction targets disclosed. Additionally, critical elements such as base year, operational boundary, and GHG accounting standards are not specified. The absence of third-party verification further limits the credibility of the reported data. To improve, the company should provide quantifiable emission figures, define a clear GHG inventory boundary, adopt recognized standards like the GHG Protocol, and engage external auditors for data assurance. This would enhance transparency and accountability in their environmental reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data provided for Scope 1 emissions. |
| Scope2 | Not reported ⚠️ | No data provided for Scope 2 emissions. |
| Scope3 | Not reported ⚠️ | No data provided for Scope 3 emissions. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Initiated tracking 🟢
Social Highlights
- RM460,000 for community programs 🥗
- Zero lost-time injuries 🟢
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initial steps are evident in Iskandar Waterfront City Berhad's 2023 sustainability report, particularly with the initiation of carbon emission tracking and contributions to community programs amounting to RM460,000 🟢. The integrated report aligns with the GRI framework, which is a positive aspect. However, the report falls short in providing quantifiable outcomes for emissions data, lacking specifics on Scope 1, 2, and 3 emissions, as well as third-party verification ⚠️. Forward-looking commitments, such as net-zero targets or detailed reduction plans, are also absent. While the governance structure for sustainability is outlined, the report contains generic statements like 'committed to sustainable development' without measurable evidence. To strengthen future reports, the company should incorporate specific metrics, engage external assurance for credibility, and outline clear, time-bound sustainability goals. This would provide a more robust foundation for stakeholder trust and accountability.
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